Construction of the North-South Road Corridor in Armenia
On 2 July 2014, the EFSD Council decided to provide an investment loan to the Republic of Armenia to finance the Construction of the North-South Road Corridor (Phase IV) Project in the amount of US $150 million and approved Armenia's application and Eurasian Development Bank’s (EFSD Resources Manager) opinion on Armenia's application.
The project involves reconstruction of the transport corridor in the context of the comprehensive investment project for “Construction of the North-South Road Corridor.”
Crossing Armenia from south to north (Meghri- Kapan-Goris-Yerevan-Ashtarak-Gyumri-Bavra), the corridor from the south joins the Georgian road leading to the Black Sea ports of Poti and Batumi and on to Russia, the CIS countries, and the European Union. The North- South Road Corridor is also part of the AH 82 international road linking the Central Asian countries such as Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. The integrated project will improve Europe-Caucasus-Asia communication at the point where Western Asia joins Eastern Europe.
Expected Project implementation outcomes:
- Increase in throughput capacity and road safety in RA
- Conditions for smooth movement of trucks and passenger cars
- Improved access to markets and reduction of logistical costs
- Increased transit traffic across the territory of RA, including toward destinations in EurAsEC countries
- Good traffic conditions offered to residents of adjacent communities